Dundee Precious Metals (TSE:DPM) Hits New 52-Week High – Still a Buy?

Shares of Dundee Precious Metals Inc. (TSE:DPM) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$19.11 and last traded at C$19.09, with a volume of 232472 shares traded. The stock had previously closed at C$18.87.

Analysts Set New Price Targets

Several analysts have recently issued reports on DPM shares. Scotiabank upped their price objective on Dundee Precious Metals from C$18.00 to C$18.50 in a report on Wednesday, January 15th. CIBC boosted their target price on Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, February 14th. Royal Bank of Canada raised their price target on Dundee Precious Metals from C$17.00 to C$18.00 in a research report on Friday, December 6th. Finally, TD Securities upgraded shares of Dundee Precious Metals to a “strong-buy” rating in a research report on Tuesday, February 4th.

Dundee Precious Metals Trading Up 1.3 %

The stock has a 50 day moving average of C$16.55 and a 200-day moving average of C$14.55. The stock has a market capitalization of C$2.36 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 0.04 and a beta of 1.20.

Insider Activity

In other Dundee Precious Metals news, Director Robert Peter Charles Gillin sold 10,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$18.52, for a total transaction of C$185,200.00. Also, Director Xuefeng Chen sold 6,750 shares of Dundee Precious Metals stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of C$17.06, for a total value of C$115,155.00. Over the last ninety days, insiders sold 42,583 shares of company stock valued at $780,496. 0.16% of the stock is currently owned by company insiders.

About Dundee Precious Metals

Dundee Precious Metals Inc, a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company primarily explores for gold, copper, and silver deposits. It holds a portfolio of projects located in Bulgaria, Namibia, Serbia, and Ecuador.